Thursday, 22 October 2020

Indices closed UP .19% to .54%...NICE!!!!

 Indices closed UP.

S&P 500 @ 3453.49, high 3460.53, low 3415.34

RSI @ 54.38

CMF @ 0.025

Internals were :

UP volume led by 3.74 to 1 in NYSE & 2.12 to 1 in Nasdaq

Advancing stocks led by 1.90 to 1 in NYSE & 1.72 to 1 in Nasdaq

Net new 52 wk highs were leading by 27 in NYSE & 26 in Nasdaq

VIX Down 1.88% @ 28.11

Oil @ $ 40.64

Gold @ $1904.60

Canadian $ @ .6865

Portfolio AAL APA CCL AG MGM RUN SU

Stocks which were UP 3% or more included

AAL APA CCL MGM SU

FCX DKNG GAN LYFT SNAP CNX CGC

DAL UBER CVX MRNA NCLH BA SPLK

EXPE OLED OXY WYNN LVS OSTK X M...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure from open despite better jobless claims. Indices tested support around 50 DMA area and reversed and closed near high of the day, technically V reversal. Internals were all positive. Energy stocks were leading performer along with travel, gaming stocks. It was a day when most sectors participated with rotation in major focus.

BLOG does NOT give buy or sell.

Saleem

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